Showing papers by "Manisha Pal published in 1985"
TL;DR: In this article, a sequential inventory model with a given finite number of periods has been considered, where the quantity received again st an order during a period is assumed to be a normally distributed random variable with mean equal to the order quantity.
Abstract: A sequential inventory model with a given finite number of periods has been considered. The quantity received again st an order during a period is assumed to be a normally distributed random variable with mean equal to the order quantity. The optimal ordering policy for a period has been determined by maximizing the total expected profit during that period and the following periods.
4 citations